Wedbush Reduces Earnings Estimates for Smith Douglas Homes

Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) - Stock analysts at Wedbush dropped their Q4 2024 earnings estimates for shares of Smith Douglas Homes in a note issued to investors on Tuesday, November 12th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their previous forecast of $0.52. Wedbush has a "Neutral" rating and a $20.00 price target on the stock. The consensus estimate for Smith Douglas Homes' current full-year earnings is $1.66 per share. Wedbush also issued estimates for Smith Douglas Homes' Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to analysts' expectations of $208.02 million. The firm's revenue for the quarter was up 21.7% compared to the same quarter last year.

A number of other equities research analysts also recently commented on SDHC. Bank of America raised their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Finally, Wells Fargo & Company increased their target price on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.50.

Smith Douglas Homes Price Performance

SDHC traded down $0.54 during trading on Thursday, reaching $30.51. The company's stock had a trading volume of 57,898 shares, compared to its average volume of 135,276. Smith Douglas Homes has a 52-week low of $20.55 and a 52-week high of $39.50. The company's fifty day moving average price is $35.67 and its 200-day moving average price is $30.99.

Institutional Trading of Smith Douglas Homes

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. increased its stake in Smith Douglas Homes by 5.5% in the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company's stock valued at $12,328,000 after purchasing an additional 27,300 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Smith Douglas Homes in the first quarter worth approximately $14,321,000. Vanguard Group Inc. purchased a new stake in Smith Douglas Homes in the first quarter valued at approximately $13,451,000. Massachusetts Financial Services Co. MA increased its position in Smith Douglas Homes by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company's stock worth $10,526,000 after purchasing an additional 8,193 shares during the last quarter. Finally, Long Pond Capital LP purchased a new position in Smith Douglas Homes during the first quarter worth approximately $12,388,000.

About Smith Douglas Homes

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.